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419 Discover OmniPoint Inventory Visibility and Tackle Shrinkage, with OneRail

419 Discover OmniPoint Inventory Visibility and Tackle Shrinkage, with OneRail

Jul 29, 2024

Bill Catania of OneRail discusses the critical need for improved inventory visibility to combat shrinkage in today's complex omnichannel environment. He explains how his company conducted a survey of 300 top retailers, which confirmed the scale of the problem and guided the development of their OmniPoint Inventory Visibility solution. Catania emphasizes a shift in focus from 'dispatch to doorstep' to 'data to doorstep,' highlighting the importance of normalizing data from various sources to empower customers. He also announces OneRail's acquisition of Orderbot, a Canadian distributed order management company, to further enhance their capabilities and move upstream in the fulfillment process.

419 Discover OmniPoint Inventory Visibility and Tackle Shrinkage, with OneRail

Today I’m joined by award-winning supply chain brand OneRail.

OneRail is a leading omnichannel fulfillment solution, pairing best-in-class software with logistics as a service, to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.

Today Bill Catania, Founder and CEO at OneRail, joins me to talk all about inventory, visibility and shrinkage. He’ll be discussing a recent survey conducted by OneRail, the findings, and how they led to the development of a brand-new solution. We’ll be talking about data, visibility and the growing issue of theft. And Bill will be filling us in on what OneRail have been up to since they were last on the show, plus what we can expect from them coming up.

There’s lots to discover in this special episode, filmed live at Home Delivery World.

Guest bio:

OneRail Founder and CEO Bill Catania is a start-up entrepreneur focused on developing and commercializing real-time technology networks. A leading omnichannel fulfillment solution pairing best-in-class software with logistics as a service, OneRail provides dependability and speed to help businesses meet their delivery promise. With its real-time connected network of 12 million drivers, OneRail recently debuted at No. 24 on the Deloitte Fast 500™ list of the fastest-growing tech companies in North America; was named to the FreightTech 100 for the third straight year; honored with Inc. magazine’s Best Workplaces 2023; ranked No. 23 on Forbes’ list of America’s Best Startup Employers; and named to the Inc. 5000 two years running, most recently at No. 59 with 7,409% growth. Catania was named a 2022 Orlando Business Journal Game Changer, a 2022 Supply & Demand Chain Executive Pros to Know award-winner, a 2022 Orlando Business Journal Fire Award-winner and the winner of the Supply Chain Leaders in Action (SCLA) Pitch Tank Contest. Catania also founded digital coupon pioneer M-Dot Network, the first-of-its-kind retail POS-to-cloud transaction engine, powering the real-time redemption of digital coupons at grocery checkouts throughout North America. At M-Dot, Catania led his team to win the Amazon Web Services Start-Up Challenge, besting more than 1,500 companies from 23 countries.

 

07:07

An overview of OneRail, what they do, and how they help their customers.

Don’t ever think of us like a parcel shipping solution! What we’re doing is delivering in localized markets – think about turning a store into a warehouse, turning a warehouse into a localized delivery zone.
07:52

The latest at OneRail, and some of the big challenges they’re focusing on right now.

These days, you can’t hear an earnings call from a retailer without hearing about product shrinkage – and about 65% of that is theft.
08:38

Why inventory, visibility, and shrinkage – particularly related to theft – is a growing concern for retailers.

It was easy when it was single channel commerce. But now there’s so many different channels, so many different shipping options – customers have demands they didn’t have before. When product starts to move more, there’s more risk.
10:03

The recent survey, conducted by OneRail, dives deeper into the problem of inventory and shrinkage.

Customers are counting on that product being at the store. But if it goes missing 500 miles ago, and the retailer doesn’t know it, there’s a mismatch in supply and demand. A lot of money goes into demand planning, and all that work goes out the window when items go missing.
13:53

How OneRail utilized their findings to develop OmniPoint Inventory Visibility, a brand-new solution for their customers; and how it tackles inventory and shrinkage challenges.

When you look at what it takes to be competitive in 2024, you have to be operating from data.
17:17

The ideal client for OneRail’s OmniPoint Inventory Visibility solution. [1946] The challenges with data; the importance of empowering customers with the right data; and how OneRail is adding an extra layer that helps systems to connect and normalize data, helping retailers to make the right decisions.

An organization could be working with 50 to 100 couriers – all sending data in different ways, some of them aren’t even sending data! – and we’re normalizing that data layer, so they can make sense of it and decision on it.
22:25

The opportunity to be found in achieving improved inventory visibility and optimizing customer experience.

Optimization is taking data and making iterative business decisions to reduce cost and improve experience.
25:15

Why OneRail is moving up the order stream with delivery management solutions, and how they’re helping customers to improve order decisioning and fulfillment logic.

It’s so much more than visibility – it’s the ability to actually change an outcome.
28:02

A big announcement, and the future for OneRail  

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